Anidaso Mutual Fund

Description

Fund Manager:  New Generation Investment Services Ltd.
Bid Price: 0.8817
Offer Price: 0.8817
YTD: +13.71%
Fund Launch Date – 08-Jun-2005
Fund Size (as at 23 Mar, 2017)-GHS0.00 mn

Fund Info

The Anidaso Mutual Fund (The Fund) is an open-ended, regulated investment company administered and sponsored by New Generation Investment Services Ltd, the investment advisor to the Fund. The Fund was incorporated as a private Limited liability company under Ghanaian Law on March 19, 2004. The company was re-incorporated as a public liability company on October 22, 2004 and the Certificate to commence business was issued on October 25, 2004. The Fund is designed for prospective investors who seek to maximize their total returns by investing in securities that offer the potential for capital gains, divided and/or interest income. The Fund investment will consist primarily of high yielding equities listed on the Ghana Stock Exchange (GSE), international stock exchanges in emerging markets, and money market instruments.

Fund Strategy

The Fund portfolio invests in shares and fixed – income securities in proportions designed to meet its investment objectives while minimizing the risk of decline in Net Asset Value. The mix between stocks and fixed investments changes at times in response to market conditions while maintaining some balance within these two major categories most of the time. When the market experiences major weaknesses, the Fund reduces equity investments in favour of fixed-income investments to protect the asset value.

The investment policy is reflected in the asset allocation table below;